Third Try on Health Care Hardly a Charm

As the health care circus rolls on,The Heritage Foundation has the skinny on how the Obama administration is fattening its health care bill with even more regulation, taxation, and sweetheart deals:

Cornhusker Kickback for All: Instead of just eliminating the Cornhusker Kickback, the White House chose to solve their Medicaid problem by extending the deal to all 50 states. Now all new Medicaid spending through 2017 and 90% after 2020 will be picked up by the feds.

Steals More Money from Medicare: To pay for Cornhusker Kickbacks for all, increased subsidies for health insurance, and the health insurance tax delay, the White House raises the Medicare payroll tax and extends it for the first time ever to investment income. The least they could have done is slate this new $120 billion in taxes to help plug Medicare’s existing $38 trillion unfunded liability, not fund a brand new entitlement.